A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now Do not round your intermediate calculations. a. $828.62 b. $987.41 c. $897.33 Od. $909.45 Oe. $966.73 Not Answered

A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now Do not round your intermediate calculations. a. $828.62 b. $987.41 c. $897.33 Od. $909.45 Oe. $966.73 Not Answered

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6FPE

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A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now? Do not round your intermediate calculations. a. $828.62 b. $987.41 c. $897.33 $909.45 e. $966.73 O O O d. Not Answered
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